One Person Company (OPC) Registration

In India, the idea of ​​a one-person company was introduced to give support to entrepreneurs through the Companies Act, 2013, which is capable of starting an enterprise by allowing them to make a single person economic unit on their own. The biggest advantage of an individual company (OPC) is that OPC can have only one member, while minimum two members are needed to include and maintain a Private Limited Company or Limited Liability Partnership (LLP). Like a company, a person company is a separate legal entity with its promoter, which provides limited liability protection to its sole shareholder, while continuity of business and easy to incorporate.

Although an individual company allows a limited enterprise to operate a corporate entity with limited liability protection, an OPC has some limitations. For example, every individual company (OPC) will have to nominate a nominee director in the company’s MoA and AOA – who will become the owner of OPC in the event of the sole director being disabled. Apart from this, if a person should file financial statements audited with the Corporate Affairs Ministry at the end of each financial year, like all types of companies, then a person company should be converted into a Private Limited Company. Therefore, it is important for the entrepreneur to carefully consider the characteristics of an individual company before incorporation.

eMindsCA.com is the leading company in the company registration services in India, which offers a variety of company registration such as Private limited company registration, a person company registration, fund company registration, section 8 company registration, manufacturer company registration and Indian subsidiary registration . The average time taken for the completion of a person company registration is approximately 10 – 15 working days, subject to submission of government processing time and customer documents. Find a free consultation for a person company registration and business setup in India by scheduling an appointment with eMindsCA.com Advisor.

Compulsory Documents for OPC Registration

Being given by a private company director

-Scanned copy of passport (foreign nationals and non-resident Indians) or -PAN card scanned, scanned copy of voter ID or driver’s license, passport -scanned copy of current bank account details/phone or mobile invoice/electricity or gas invoice
-Photograph sample autograph or imprint With empty document autograph)
Note: As the mandate, the OPC director should self-verify the first three documents. If an NRI or a foreign citizen, all the documents should be unsuccessful (if there are currently in India or non-Commonwealth countries) or upstaged (which are living in a Commonwealth country).

Documentary for a Registered office
Scanned copy of current bank account details/phone or mobile invoice/gas or electricity invoice
Scanned copy of rental agreement written in English language
Scanned copy of the NO or NOC from landlord belonging to the concerned property
Scanned copy of property or sale deed printed in English (if the property is owned)

Note: Your office location, which is registered, should be a commercial area; However, it can also be the home of your resident.

Benefits of OPC Registration

    Limited Liability

    Directors’ personal property is always secured in a private limited company, regardless of business loan.

    Continuous existence

    The sole proprietorship ends with the death of the proprietor. Since OPC has a different legal identity, it will go to the nominated director and hence, it will continue to exist.

    Greater credentials

    Since OPC requires an annualized audit of its books, it has greater reliability between vendors and lending institutions.

    BASIC

    all inclusive fees

    Rs.7000
    • 2 Class 2 Digital Signatures
    • 1 Director Identification Numbers
    • 1 RUN Name Approval
    • Upto 10 Lakhs Authorized Capital
    • Incorporation Fee
    • Stamp Duty
    • Incorporation Certificate
    • PAN & TAN
    • 50+ Document Formats
    • Incorporation Kit
    • Hard-copy Share Certificates
    • GST Registration
    STANDARD

    all inclusive fees

    Rs.18000
    • 2 Class 2 Digital Signatures
    • 1 Director Identification Numbers
    • 1 RUN Name Approval
    • Upto 10 Lakhs Authorized Capital
    • Incorporation Fee
    • Stamp Duty
    • Incorporation Certificate
    • PAN & TAN
    • 50+ Document Formats
    • Incorporation Kit
    • Hard-copy Share Certificates
    • GST Registration
    • Bookkeeping
    • Financial Statement Preparation
    • Board Resolution Preparation
    • MCA Annual Return Filing
    • Income Tax Return Filing
    • 1 Year Dedicated Compliance Manager Support
    PREMIUM

    all inclusive fees

    Rs.28000
    • 2 Class 2 Digital Signatures
    • 1 Director Identification Numbers
    • 1 RUN Name Approval
    • Upto 10 Lakhs Authorized Capital
    • Incorporation Fee
    • Stamp Duty
    • Incorporation Certificate
    • PAN & TAN
    • 50+ Document Formats
    • Incorporation Kit
    • Hard-copy Share Certificates
    • GST Registration
    • Bookkeeping
    • Financial Statement Preparation
    • Board Resolution Preparation
    • MCA Annual Return Filing
    • Income Tax Return Filing
    • 1 Year Dedicated Compliance Manager Support
    • 12 GST Return Filing (GSTR-3B or GSTR-1)
    • Udyog Aadhar Registration
    • Trademark Registration

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    How long is the company incorporated?

    Once incorporating a company, it will remain active and in existence until the annual compliance is completed regularly. In the case, annual compliance is not followed, the company will become an inoperative company, and probably withdraw from the register after a period of time. A hit-struck company can be revived for a period of up to 20 years.

    What is a digital signature certificate?

    A digital signature establishes the identity of the sender or signatory electronically while entering the documents through the Internet. The Ministry of Corporate Affairs (MCA) says that the directors have signed some application documents using their digital signature. Therefore, a digital signature is required for all directors of the proposed company.

    What is the Director Identification Number (DIN)?

    The Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a company. It is mandatory for all current or proposed directors to have a Director Identification Number. The director’s identification number never ends, and a person may have only one Director Identification Number.

    What is the authorized capital charge?

    A company’s authorized capital is the amount of shares that a company can issue it to shareholders. The government has to pay an authorized capital charge to the companies to issue shares to the company. Companies will have to pay authorized capital fees for at least Rs. 1 lakh.

    How many people are required to include a person company?

    To include a person company, a director and a nominee are required. A nominated member is the one who becomes a member of the company in the event of death or disability of the promoter member.

    What are the requirements for being a director or nominee in OPC?

    Only a natural person who is an Indian citizen and a person resident in India is eligible to join the company or to be a nominated member. The director or nominee must be more than 18 years of age. One person can include up to five people companies.

    What is the capital required to start a one-person company?

    A person company can be started with any capital. However, during the incorporation of OPC, the fee should be paid to the government for issuing a minimum of Rs 1 lakh [authorized capital charge]. There is no need to show proof of capital invested during the incorporation process.

    Is a person required to start a company company?

    An address in India where the registered house of a one-person company will be located is required. The premises can be a commercial/industrial/ residential where communication from MCA will be received.

    Do I have to be present personally to include a person company?

    No, you will not be present in our office for the incorporation of a person company or will not attend any office. All documents can be scanned and sent to our office via email. Some documents will also have to be delivered to our office.

    What are the documents required for incorporation?

    Identity proof and proof of address are mandatory for all the proposed directors and nominees of a person company. PAN card is mandatory. Apart from this, the landlord of registered office premises will have to issue a no-objection certificate for having a registered office in their office and submit their identity proof and address proof.

    How long will it take to include a person company?

    eMindsCA.com can include a company in 7-15 days. The time required for incorporation will depend on the submission of documents related to the speed of the customer and government motives. To ensure prompt involvement, please choose a unique name for your company and make sure that you have all the necessary documents before starting the incorporation process.

    Why do I need to add one person to my company quickly?

    To quickly include a person company, make sure the proposed name of the company is very unique. Names like an existing company / limited liability partnership / trademark may be rejected and additional time will be needed for the revival of names.

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